Market Scenario
Connected aircraft are a new range of aircraft with brand new communication methods for safer and pleasurable trips. Improvements in satellite communication and manufacture of aircraft compatible with wireless technologies can fuel the production of connected aircraft. Global Connected Aircraft Market report by Market Research Future (MRFR) comprises the latest developments, opportunities, and challenges for the period of 2020 to 2024 (forecast period). The impact of the COVID-19 virus is included in the report.
Global Connected Aircraft Market can expand at 16.40% CAGR over the forecast period. It is expected to take flight owing to demand for seamless internet connectivity to be available on commercial airlines. The increasing volume of passenger traffic and emergence of various commercial airlines can trigger the market demand. Huge demand for in-flight entertainment can be a gamechanger for the market. Airlines are partnering with OTT platforms to cater to entertainment needs of customers.
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The penetration of internet of things and shift to subscription models for customers can influence the global connected aircraft market. Analytical software which can predict customer behavior and assist in catering to customer well-being can bode well for the market over the forecast period. Development of new wireless standards for flights by Seamless Air Alliance for shifting its reliance from low-orbit satellites is expected to take the industry by leaps and bounds.
But concerns over data security can pose a challenge to the market.
Competition Outlook
Gogo Inc., Apple Aviation, Viasat Inc., Inmarsat PLC, S&T AG, Airbus SAS, Cobham PLC, BAE Systems PLC, Global Eagle Entertainment Inc., SITA, Honeywell International Inc., Thales Group, Panasonic Avionics Corporation, and IBM Corporation are key players of the Global Connected Aircraft Market. Agreements and partnerships are major strategies employed by companies to stay afloat in the industry. Expansion of fleets can work in their favor as well.
Segmentation
Global Connected Aircraft Market has been segmented by type, aircraft type, connectivity, application, and frequency band.
Based on type, the market has been divided into systems and solutions. Systems are further segmented into data managements systems, satellite communication systems, and others. Similarly, solutions comprise passenger and crew connectivity, flight management, fuel monitoring, aircraft monitoring & communication, electronic flight bags, and others.
By aircraft type, it is divided into fixed-wing and rotary-wing.
By frequency band, it is segmented into Ka-band, Ku-band, and L-band.
By connectivity, the market has been classified into aircraft-to-aircraft, in-flight, and air-to-ground.
Major applications include commercial and military.
Regional Analysis
Global Connected Aircraft Market has been segmented, by region, into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America.
North America is expected to be the largest market for connected aircraft during the review period. The regional market is expected to register a CAGR of 15.42% during the forecast period. According to IATA, approximately 10,000 aircraft are expected to be operational by 2035. Expansion plans of airlines to cater to passenger inflow and luxury travel can provide plenty of growth opportunities to the market.
Europe was the second-largest market owing to presence of aircraft manufacturers such as Boeing, Airbus, and others. Efforts by airlines to create a memorable experience for passengers can drive the regional connected aircraft market growth.
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